Kuwait Telecommunications Company – stc, a world-class digital leader providing innovative services and platforms to customers, enabling the digital transformation in Kuwait, has been awarded the “Best M2M Technology Solutions Provider – Kuwait 2021” and “Best Corporate Governance Telecom Company – Kuwait 2021” from International Finance (“IF”), a renowned financial publication that recognizes industry talents, leaderships skills, industry net worth and capability on an international platform. The award was presented to stc during the International Finance Awards ceremony held in Dubai, UAE on March 24th, 2022.
After careful consideration and an extensive review performed by IF’s qualified research team, stc emerged as the winner of the two awards declared on the strength of the applications submitted by stc and its business arm solutions by stc teams, as well as each team’s past accomplishments. During the ceremony in Dubai, Danah AlJasem – General Manager of Corporate Communications at stc received on behalf of the Company the “Best M2M Technology Solutions Provider – Kuwait 2021”, and the “Best Corporate Governance Telecom Company – Kuwait 2021” awards on behalf of stc.
Commenting on the awards, stc CEO, engineer Maziad Alharbi said “2021 was an exceptional year across all the standards due to the company’s refreshed strategy and the dedication of its employees to deliver their best in order to achieve company’s desired goals and meet the individuals and enterprise customers’ needs, as well as creating an added value and achieve better returns for its shareholders. He added “Our success would also not have been achieved without the ongoing support of our various stakeholders. Therefore, we placed great consideration in developing and evolving a corporate governance framework that enables stc to demonstrate its level of innovation, efficiency, and ability to adopt best practices while protecting the interests of all stakeholders including investors, employees, suppliers, customers, government entities and the local community."
Alharbi added, “As for our valued customers, whether individuals or corporates, our focus as a pioneering telecom and digital solutions provider is to offer a diverse range of innovative products and services with a focus on the digital as well as advanced integrated communications information solutions and advanced technical solutions services. Through our specialized business arm, solutions by stc, we have introduced a variety of flexible, automated, and reliable solutions that can aid in accelerating the digital transformation strategies of businesses through new-to-market applications. In this regard, the digital transformation strategy that was developed and implemented by stc over the past few years has also been a key success factor that helped the company in its many contributions to the local economy, government initiatives and the growing demand for digital solutions and information technology”
In appreciation of receiving the awards, Alharbi said, “We are proud to receive these awards from IF which recognize stc’s leading position in the market and identifies the various areas of growth the Company has focused on in the recent term driven by its corporate strategy. On behalf of stc, I would like to thank all those who played a role in implementing the Company’s strategy that resulted in achieving these awards despite the difficult times we faced due to the COVID-19 crisis. I would like to also shed light on the outstanding teamwork and dedication of the stc family who played the bigger role in having stc awarded from IFM. I would also like to thank the IF team for their diligent assessment process and cooperation.”
In its statement, stc highlighted that the corporate governance award recognizes the standards and commitment it continuously upholds to provide stakeholders with the highest degrees of transparency, accountability, and competence. Through an established mechanism of procedures and policies, stc has shaped its culture to promote integrity and a robust framework applicable across all levels, reinforcing its foundation for sustainable success. This in return has aided the Company in fostering a wholly supportive corporate culture that addresses the needs, aspirations, and hopes of stakeholders as expressed in stc’s various policy statements, while exceeding the requirements set by regulators.
In terms of the M2M technology award, solutions by stc mentioned that it currently provides one of the most advanced 5G and 4G M2M connectivity solutions in the market through stc. This has allowed machines to exchange data without human interface, in return redefining traditional and outdated business processes. These solutions ease the communication channels between machines using sensors, opening the possibility for systems to monitor themselves and automatically responding to changes within the environment. Through various regional and international partnerships, solutions by stc also provided a variety of traditional applications ranging from POS, ATM, up to innovative CCTV, connected cars, fleet management and surveillance solutions among others.
As the first business solutions provider to enable IoT connected cars in Kuwait, solutions by stc partnered with local dealers to provide in-vehicle connectivity solutions. This opened the doors to new opportunities in the automotive industry through various advanced applications that enable digitization for smart transport and in-vehicle solutions. Customers seeking such solutions benefited from the advanced transportation tracking system, enabled by M2M, as well as services such as automatic attendance marking, visual detection system to ensure passenger safety, and tracking through mobile apps. M2M connectivity not only provides fleet management solutions but also empowers and enables automotive producers to evolve their vehicles to unprecedented remote data analytics, assistance and VAS services making vehicles not only a means of transportation but also a true digital experience in themselves.
It is worth mentioning that International Finance is a premium business and finance magazine published by UK’s International Finance Publications Limited. The magazine and website have a growing readership in Europe and the Middle East, especially in the UAE, Saudi Arabia, Qatar, the Sultanate of Oman, and Kuwait as well as in select fast-developing African nations. International Finance also has a growing readership in Asia Pacific.
This awards adds to the many local, regional, and international awards, which stc Kuwait has won including “Corporate Governance and Stakeholder Protection award by CFI.co, as well as the “Outstanding Leadership and Growth” award from “MEA Business” magazine, and the Best Leading Corporate for Investor Relations for the year 2021.
Source: Press Release